Download or read book An Overview of Internal Audit in Malaysia Report written by Malaysian Institute of Accountants. Internal Audit committee and published by . This book was released on 1991 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book International Professional Practices Framework IPPF written by and published by . This book was released on 2013 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Participation of Women in Internal Auditing Profession written by Nahariah Jaffar and published by . This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The development of professional internal auditing bodies has strengthened in recent years with the emerging of Institute of Internal Auditor (IIA) in most countries. However, the survey undertaken by The Institute of Internal Auditor Malaysia (IIAM) reveals that men dominate the internal audit profession. The study aims to identify some required criteria to be successful in internal audit profession, characteristic that should be possessed by women internal auditors and problems experienced by women internal auditor as perceived by internal auditors in Malaysia. The Likert Scale was used on various statements of required successful criteria, problems and characteristics mentioned in the mailed questionnaires. An independent t-test was carried out on the respondents' perceptions. The analysis noted that the perception of women and men internal auditors on the required successful criteria is not significantly different. Whereas, their perception on characteristics, in particular, interpersonal skills, leadership, creative thinking, communication skills, independence and proficiency are found to be significantly different. Meanwhile, the study revealed that the perception of both parties on the problems which are unsatisfying salary, unsatisfying compensation and benefits, Malaysian culture, glass ceiling, low job stability, low career opportunity and old boys network are found to be significantly different. Finally, using the linear regression, the study found that there is a significant relationship between women's current position in internal auditing and problems experienced by women.
Download or read book Leading the Internal Audit Function written by Lynn Fountain and published by CRC Press. This book was released on 2016-04-05 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: While the Institute of Internal Auditors (IIA) has provided standards and guidelines for the practice of internal audit through the International Professional Practice Framework (IPPF), internal auditors and Chief Audit Executives (CAEs) continue to experience difficulties when attempting to balance the requirements of the IPPF with management expe
Download or read book The Effectiveness of the Internal Auditor in Malaysian Listed Firms written by Annuar Nassir and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of this study is to ascertain the factors contributing towards the effectiveness of an internal audit function of Malaysian listed firms. This information is important in improving the quality of internal audit function. Identifying factors that enhance internal auditor effectiveness is crucial to promote better corporate governance and corporate financial reporting procedures. The findings from this study suggest that interpersonal skills, internal auditor's commitment and support from audit committee and BOD, audit performance and integrity, audit department efficiency, auditing competencies, internal auditor's knowledge on company's business operation and industry, and auditor's independence as important attributes of a quality internal audit function. The identified factors that are perceived as important for effective internal audit function will help the internal audit department to evaluate and revise the current procedures to improve the overall quality of internal audit.
Download or read book Defining Measuring and Communicating the Value of Internal Audit written by Marc Eulerich and published by . This book was released on 2020-07-15 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Malaysia written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2013-03-08 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Bank Negara Malaysia (BNM) employs a well-developed risk-focused regulatory and supervisory regime. Despite this, a clear gap exists in the application of the supervision and regulation regime to financial holding companies. BNM is to be commended for its thoughtful and comprehensive self-assessment and efforts to help draft legislative changes and to make administrative changes to address the areas of improvement revealed by the self-assessment. Improvements should be made in the transparency of elements of BNM’s supervisory expectations, its domestic coordination and information-sharing arrangements, and legal protection for staff.
Download or read book Contemporary Issues in Financial Reporting Auditing and Corporate Governance UUM Press written by Noor Afza Amran and published by UUM Press. This book was released on 2013-01-01 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contemporary Issues in Financial Reporting, Auditing and Corporate Governance offers theoretical and empirical background on three fundamental areas of accounting, namely financial reporting, auditing and corporate governance. This book is written in a clear and reader-friendly manner to create readers’ interest in the central issues of discussion. The uniqueness of this book is in its extensive coverage of national and internationally-oriented issues of financial reporting, auditing and corporate governance. This book is ideal for accounting and business related courses at upper undergraduate and post-graduate levels. With its broad coverage, the book should also be of interest to academicians, professionals, corporate managers, regulatory bodies and researchers.
Download or read book Internal Audit Quality written by Sally-Anne Pitt and published by John Wiley & Sons. This book was released on 2014-09-29 with total page 405 pages. Available in PDF, EPUB and Kindle. Book excerpt: Deliver increased value by embedding quality into internal audit activities Internal Audit Quality: Developing a Quality Assurance and Improvement Program is a comprehensive and authoritative guide to better practice internal auditing. Written by a global expert in audit quality, this guide is the first to provide complete coverage of the elements that comprise an effective internal audit quality assurance and improvement program. Readers will find practical solutions for monitoring and measuring internal audit performance drawn from The IIA's International Standards for the Professional Practice of Internal Auditing, and complemented by advice and case studies from leading audit practitioners from five different continents. Major corporate and financial collapses over the past decade have challenged the value of internal audit. With an increased focus on internal audit's role in good governance, management is increasingly demanding that internal audit provides assurance of the quality of its own activities. The IIA standards provide a framework for audit quality in the form of mandatory guidance . Recent research indicates that the majority of internal audit functions do not fully comply with the standards and, as a result, are not servicing the needs of their organizations as well as they might. Internal Audit Quality offers a roadmap to internal audit quality, providing readers the guidance they need to: Embed quality into all elements of internal audit from strategic and operational planning down to day-to-day tasks Create well-defined internal audit programs and procedures Independently self-assess internal audit quality and performance Conform with the IIA standards and better practice Provide assurance over internal audit efficiency and effectiveness Deliver value by meeting stakeholder expectations As a key component of good governance, internal audit is on the rise. The days of retrospective, compliance-focused auditing is a thing of the past. Organizations expect more of internal audit, and many internal audit activities are accepting the challenge. Rather than relying on audit supervision and external assessments, modern auditors are embedding quality into audit activities to create effective programs. For the auditor looking to distinguish themselves as leading edge, Internal Audit Quality provides the guidance that enables the right work, at the right time, in the right way.
Download or read book Internal Audit and Risk Management Practices Among Malaysian Higher Education Institutions written by Wan Musnida Wan Mustapha and published by . This book was released on 2016 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: Governance, accountability and integrity of government service delivery are crucial factors in improving the services, operations and finances towards the stakeholders and public. The public and stakeholders are expecting good practices of integrity and it leads towards reformation in delivery of government services. Higher education institutions (HEIs), in particular public universities are striving to improve accountability and transparency in their services, operations and financial management. There are growing interests among the institutions of higher education to promote the effective governance, good financial management and accountability in public management due to various malpractices which happen currently within public HEIs. As such, the need for an effective internal audit function in HEIs is very essential to ensure the effectiveness of governance, risk and control processes. Consequently, this study aims to examine the extent of risk management practices in HEIs and role of internal audit on risk management process. The study analyses data collected from 127 staff of internal audit department from public HEIs with various grade levels. From the results, the study found that all public HEIs do have an internal audit unit which is in line with the requirement of Treasury Circular No. 2/2004. Almost more than two third of the respondents involve in evaluating the effectiveness of risk management process. Two older HEIs already have established and advanced level of risk management process. While, majority of the newer HEIs are still in level of basis and developing stage of risk management process. The findings provide insights on current practices of public HEIs in the area of risk management process and internal audit. In sum, this present study contributes the international literature pertaining to the role of internal audit on risk management in public sector. In fact, it shows that risk management process and internal audit practices in HEIs are very much driven by the changes in competitive environment and also influenced by the pressures to generate own revenue. Therefore, this would provide the awareness to the practitioners as well as the regulators that govern the public sectors to review the standard or policies of internal audit functions particularly those in public sector.
Download or read book A Study of the Internal Audit Committee in the Co operative Movement in Malaysia written by and published by . This book was released on 2008 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objectives of this research is to studyy the extent to which the IAC in co-operatives is functioning in compliance with provisions of the co-operative legislation. More specifically this study aims to provide an insight into the IAC's demographic profile, their level of knowledge of the IAC'a functions, their experience, attendance of mandatory training and current audit practices including frequency of audit and submission of audit reports.
Download or read book The Audit Committee Performing Corporate Governance written by Laura F. Spira and published by Springer Science & Business Media. This book was released on 2007-05-08 with total page 191 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why do we need to understand audit committees? The Cadbury Committee recommended that UK companies should adopt them in response to financial scandals that have stemmed from dubious financial reporting practices. In other countries, similar commissions have made similar recommendations and audit committees are now a common institution. However, many practitioners doubt whether an audit committee really does much to ensure the integrity of a firm's financial statements because, as outsiders, members don't know enough to dig deeply beneath the numbers. The Audit Committee: Performing Corporate Governance argues that such criticism overlooks the ceremonial function of these committees. The audit committee is an arena where members can form and strengthen shifting and fragmentary networks with each other and with the external auditors. Within these networks, both consensus and independence are demonstrated, generating comfort, which legitimises the company and maintains its access to external sources of capital. The audit committee is a key part of the corporate governance structure within an organisation. Many in the UK have been patched together to meet regulatory requirements and their operation is poorly understood because few people other than their members have access to their deliberations. In this account of the world of audit committees the practitioner will find the ethnographical perspectives on ceremonial performance, consensus, independence, and comfort both familiar and different. It's like looking at a photograph of something commonplace from an unusual angle or through a strange-shaped lens.
Download or read book Related Party Transactions and Audit Fees written by Redhwan Al-dhamari and published by . This book was released on 2018 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: Related party transactions (RPTs) are viewed as genuine transactions that rationally fulfill other economic demands of a company. However, RPTs can also be used to transfer wealth from minority shareholders to controlling shareholders. The existence of such transactions may deteriorate financial reporting quality, increase audit risk, and as a result increase audit fees. This study examines the relationship between RPTs and audit fees in Malaysia, where ownership is often concentrated within a controlling family and corporate governance mechanisms are poor. It also investigates the moderating effect of the internal audit function (IAF) on this relationship. We find that external auditors base their fees on the types of RPTs undertaken. Specifically, our results show that audit fees are higher for firms that undertake RPTs involving the sale and purchase of assets, goods, and services. We also document that external auditors rely on the IAF, and thus their fees are lower for firms that undertake RPTs and that have made a large investment in an IAF. Our study is the first to provide evidence that RPTs in Malaysian firms may be abused as a channel to facilitate tunneling and that the IAF plays a vital role in controlling such transactions.
Download or read book Internal Audit Practices Malaysia written by Mary Lee and published by . This book was released on 2004-09-26 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Annual Report written by Institute of Internal Auditors and published by . This book was released on 1989 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Internal Auditing and Risk Management written by Shabnam Fazli Aghghaleh and published by LAP Lambert Academic Publishing. This book was released on 2012-02 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: The introduction of a new framework by the Institute of Internal Auditors has extended the role of internal auditors to include the monitoring function of risk management.This research examines the mediating effect of role ambiguity on the relationship between individual and organizational factors and performance of internal auditors in risk management functions using role theory as the theoretical basis. Data for the study are obtained through questionnaire survey administered on internal auditors from companies listed on Bursa Malaysia. Structural Equation Modelling (SEM) is used for analysis. The results suggest that role ambiguity is a strong mediator for the relationship between individual and organizational factors and performance of risk management function. In addition the study finds significant negative relationship between competency, autonomy, mechanistic organizational structure and in-house auditing with role ambiguity. Further, a significant negative relationship is found between role ambiguity and performance of risk management function.This study also adds evidence to support the application of role theory in a professional role.
Download or read book Impact of Internal Audit Function on Financial Reporting Quality of Saudi listed Companies written by Mohammed Abdullah M. Alshetwi and published by . This book was released on 2011 with total page 532 pages. Available in PDF, EPUB and Kindle. Book excerpt:
